(EQNR) Equinor ASA - Ratings and Ratios
Oil, Gas, Wind, Hydrogen, Carbon Storage
EQNR EPS (Earnings per Share)
EQNR Revenue
Description: EQNR Equinor ASA September 26, 2025
Equinor ASA (NYSE:EQNR) is a Norwegian-based integrated energy company that operates across the full value chain-from upstream exploration and production to downstream transportation, refining, and marketing of oil and gas, as well as emerging renewable businesses.
The firm is organized into six operating segments: Exploration & Production Norway, Exploration & Production International, Exploration & Production USA, Marketing, Midstream & Processing, Renewables, and Other. This structure reflects a strategic shift toward diversifying cash flow sources while maintaining a core focus on hydrocarbon assets.
Key quantitative indicators (2023) include ≈ 2.2 million barrels of oil equivalent per day (boe/d) of net production, a ≈ $15 billion upstream capital expenditure, and a ≈ $5 billion net profit, with upstream earnings representing roughly 70 % of total EBITDA. The company’s carbon intensity has fallen to ≈ 12 kg CO₂e/boe, a ~ 15 % reduction versus 2021, underscoring its stated decarbonisation agenda.
Strategic drivers shaping Equinor’s outlook are: (1) global oil price volatility-particularly the Brent crude price spread, which historically accounts for ≈ 80 % of earnings variability; (2) the European Union’s renewable energy targets, prompting accelerated offshore wind development (the 1.5 GW Empire Wind project in the U.S. is slated for 2027); and (3) carbon capture and storage (CCS) initiatives, where Equinor leads the Northern Lights project, targeting 1.5 Mt CO₂/yr storage capacity by 2030.
Assumption: the 2024-2025 oil price environment will remain within the $80-$95 per barrel Brent range; a sustained deviation would materially alter cash-flow forecasts. Uncertainty: the timeline and policy support for green hydrogen projects in Norway and the U.K. remain ambiguous, potentially affecting the renewable segment’s contribution to total revenue.
For a deeper quantitative assessment of Equinor’s valuation metrics, the ValueRay platform offers a transparent, data-driven dashboard you may find useful.
EQNR Stock Overview
| Market Cap in USD | 60,858m |
| Sub-Industry | Integrated Oil & Gas |
| IPO / Inception | 2018-05-16 |
EQNR Stock Ratings
| Growth Rating | 26.2% |
| Fundamental | 73.1% |
| Dividend Rating | 90.6% |
| Return 12m vs S&P 500 | 1.32% |
| Analyst Rating | 3.60 of 5 |
EQNR Dividends
| Dividend Yield 12m | 8.15% |
| Yield on Cost 5y | 19.22% |
| Annual Growth 5y | 41.98% |
| Payout Consistency | 91.1% |
| Payout Ratio | 63.2% |
EQNR Growth Ratios
| Growth Correlation 3m | -28.5% |
| Growth Correlation 12m | 62.8% |
| Growth Correlation 5y | 42% |
| CAGR 5y | -3.05% |
| CAGR/Max DD 3y (Calmar Ratio) | -0.10 |
| CAGR/Mean DD 3y (Pain Ratio) | -0.17 |
| Sharpe Ratio 12m | 0.85 |
| Alpha | 7.19 |
| Beta | -0.035 |
| Volatility | 29.29% |
| Current Volume | 3620.9k |
| Average Volume 20d | 3404.5k |
| Stop Loss | 23.3 (-3.1%) |
| Signal | 0.64 |
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income (11.01b TTM) > 0 and > 6% of Revenue (6% = 15.77b TTM) |
| FCFTA 0.03 (>2.0%) and ΔFCFTA -3.69pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 2.05% (prev 14.41%; Δ -12.35pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.10 (>3.0%) and CFO 14.02b > Net Income 11.01b (YES >=105%, WARN >=100%) |
| Net Debt (-22.39b) to EBITDA (40.00b) ratio: -0.56 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.15 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (2.63b) change vs 12m ago -4.99% (target <= -2.0% for YES) |
| Gross Margin 32.12% (prev 33.46%; Δ -1.34pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 194.0% (prev 77.57%; Δ 116.5pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 21.51 (EBITDA TTM 40.00b / Interest Expense TTM 1.08b) >= 6 (WARN >= 3) |
Altman Z'' 3.17
| (A) 0.04 = (Total Current Assets 41.45b - Total Current Liabilities 36.05b) / Total Assets 135.85b |
| (B) 0.39 = Retained Earnings (Balance) 52.41b / Total Assets 135.85b |
| (C) 0.17 = EBIT TTM 23.25b / Avg Total Assets 135.48b |
| (D) 0.48 = Book Value of Equity 42.34b / Total Liabilities 88.76b |
| Total Rating: 3.17 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 73.12
| 1. Piotroski 6.0pt = 1.0 |
| 2. FCF Yield 5.69% = 2.84 |
| 3. FCF Margin 1.48% = 0.37 |
| 4. Debt/Equity 0.71 = 2.25 |
| 5. Debt/Ebitda -0.56 = 2.50 |
| 6. ROIC - WACC (= 18.72)% = 12.50 |
| 7. RoE 25.24% = 2.10 |
| 8. Rev. Trend 41.91% = 3.14 |
| 9. EPS Trend -71.97% = -3.60 |
What is the price of EQNR shares?
Over the past week, the price has changed by +0.29%, over one month by -5.24%, over three months by -1.37% and over the past year by +16.30%.
Is Equinor ASA a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of EQNR is around 25.31 USD . This means that EQNR is currently overvalued and has a potential downside of 5.28%.
Is EQNR a buy, sell or hold?
- Strong Buy: 1
- Buy: 1
- Hold: 3
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the EQNR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 24.2 | 0.6% |
| Analysts Target Price | 24.2 | 0.6% |
| ValueRay Target Price | 27.1 | 12.6% |
EQNR Fundamental Data Overview November 01, 2025
P/E Trailing = 11.2009
P/E Forward = 8.1833
P/S = 0.5684
P/B = 1.4647
P/EG = 3.5734
Beta = -0.035
Revenue TTM = 262.87b USD
EBIT TTM = 23.25b USD
EBITDA TTM = 40.00b USD
Long Term Debt = 19.36b USD (from longTermDebt, last fiscal year)
Short Term Debt = 8.47b USD (from shortTermDebt, last fiscal year)
Debt = 30.09b USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -22.39b USD (from netDebt column, last quarter)
Enterprise Value = 68.56b USD (60.86b + Debt 30.09b - CCE 22.39b)
Interest Coverage Ratio = 21.51 (Ebit TTM 23.25b / Interest Expense TTM 1.08b)
FCF Yield = 5.69% (FCF TTM 3.90b / Enterprise Value 68.56b)
FCF Margin = 1.48% (FCF TTM 3.90b / Revenue TTM 262.87b)
Net Margin = 4.19% (Net Income TTM 11.01b / Revenue TTM 262.87b)
Gross Margin = 32.12% ((Revenue TTM 262.87b - Cost of Revenue TTM 178.44b) / Revenue TTM)
Gross Margin QoQ = 30.19% (prev 27.35%)
Tobins Q-Ratio = 0.50 (Enterprise Value 68.56b / Total Assets 135.85b)
Interest Expense / Debt = 0.01% (Interest Expense 2.00m / Debt 30.09b)
Taxrate = 30.49% (2.23b / 7.30b)
NOPAT = 16.16b (EBIT 23.25b * (1 - 30.49%))
Current Ratio = 1.15 (Total Current Assets 41.45b / Total Current Liabilities 36.05b)
Debt / Equity = 0.71 (Debt 30.09b / totalStockholderEquity, last fiscal year 42.34b)
Debt / EBITDA = -0.56 (Net Debt -22.39b / EBITDA 40.00b)
Debt / FCF = -5.74 (Net Debt -22.39b / FCF TTM 3.90b)
Total Stockholder Equity = 43.61b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.10% (Net Income 11.01b / Total Assets 135.85b)
RoE = 25.24% (Net Income TTM 11.01b / Total Stockholder Equity 43.61b)
RoCE = 36.93% (EBIT 23.25b / Capital Employed (Equity 43.61b + L.T.Debt 19.36b))
RoIC = 22.67% (NOPAT 16.16b / Invested Capital 71.31b)
WACC = 3.94% (E(60.86b)/V(90.95b) * Re(5.89%) + D(30.09b)/V(90.95b) * Rd(0.01%) * (1-Tc(0.30)))
Discount Rate = 5.89% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -100.0 | Cagr: -5.77%
[DCF Debug] Terminal Value 70.46% ; FCFE base≈5.89b ; Y1≈3.86b ; Y5≈1.77b
Fair Price DCF = 13.82 (DCF Value 34.73b / Shares Outstanding 2.51b; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -71.97 | EPS CAGR: -43.97% | SUE: -2.15 | # QB: 0
Revenue Correlation: 41.91 | Revenue CAGR: 84.30% | SUE: 4.0 | # QB: 1
Additional Sources for EQNR Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle